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SUNGARD(R) DATA SYSTEMS INC. ANNOUNCES INVESTMENT SUPPORT SYSTEMS ACQUISITION

 WAYNE, Pa., June 2 /PRNewswire/ -- SunGard Data Systems Inc. (NASDAQ-NMS: SNDT) announced today that on May 28, 1993, it acquired the assets of Information Systems of America, Inc. (ISA), a subsidiary of Sprint Corporation (NYSE: FON).
 ISA is the leading provider of accounting and investment support software to the insurance industry. Its IBM mainframe-based products include the portfolio management, accounting and reporting systems PRISM(TM), MAXIM(TM), OSCARS(TM) and Bond and Stock(TM), as well as the general ledger accounting and financial management systems ABC(TM) and CDS(TM). ISA currently has approximately 300 customers nationwide and 100 employees at its offices in Atlanta. Gregory Webber, executive vice president of SunGard Financial Systems, is responsible for insurance- related activities and will manage the business.
 James L. Mann, SunGard's chairman, president and chief executive officer, said of the acquisition, "The insurance market is a niche we have been targeting for greater penetration. ISA, which is the leader in this market, is an excellent complement to our activities in this area."
 David A. Wismer, chief executive officer of SunGard Financial Systems, added, "Some of the very largest insurance companies are current users of ISA's products. With the benefit of SunGard's resources and expertise, we look forward to continued support of the ISA products."
 The terms of the acquisition were not disclosed. SunGard representatives stated that the acquisition is not expected to have a material impact on the company's financial results for 1993.
 SunGard's business is computer service and application software. The company is the only large specialized provider of proprietary investment support systems and is the pioneer and a leading provider of comprehensive computer disaster recovery services. Its common stock is reported on the NASDAQ National Market System and the London Stock Exchange under the symbol SNDT.
 /delval/
 -0- 6/2/93
 /CONTACT: David D. Gathman, 215-341-8709, or Nancy R. Kyle, 215-341-8171, both of SunGard Data Systems/
 (SNDT FON)


CO: SunGard Data Systems, Inc.; Information Systems of America, Inc.;
 Sprint Corporation ST: Pennsylvania, Georgia IN: CPR SU: TNM


MK-CC -- PH019 -- 4512 06/02/93 13:35 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
Words:346
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